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Strategies & Market Trends : 50% Gains Investing

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To: Bretsky who wrote (17916)	4/29/2000 9:50:00 AM
From: Dale Baker	of 118717

Further proof - MAKING MONEY MAKES YOU STUPID: "Renowned for making well-timed currency bets, Soros funds ploughed into technology stocks late last year in a temporarily successful bid to recoup earlier losses, ending 1999 up 35 percent. But as tech stocks took a beating this month, so did the Soros funds. A wrong-way bet on Europe's single currency compounded the losses, with Quantum losing a fifth of its value in the first two weeks of April. The Nasdaq composite index is down around 25 percent from its all-time peak of 5,048.62 hit on March 10. The euro has lost nearly 10 percent against the dollar this year. ``I never thought the Nasdaq would drop 35 percent in 15 days,'' Druckenmiller said. *``This business is a bit like a drug. When you are doing well, it's hard to quit.''*

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